September 23, 2022 – Ryan Link, Andrew O’Connell and Anthony Spangler of Horvath & Tremblay have successfully completed the sale of seventeen (17) multi-family units in Elmhurst, Illinois. Horvath & Tremblay represented the seller and procured the buyer to complete the transaction at a sale price of $2,300,000.
The multi-family investment property, located at 127 Virginia Street is comprised of seventeen (17), 1-Bedroom/1-Bathroom units with 16,150 square feet of living area on a 0.25-acre parcel of land. The property is located in the center of Elmhurst’s business district and is approximately 0.25-miles from both Park Avenue and York Street, the areas primary commercial corridors. The area offers convenient access to grocery stores (Jewel-Osco and Whole Foods), restaurants (Starbucks, Chipotle, Buffalo Wild Wings, and the Elmhurst Brewing Company), and other retail amenities (CVS, Walgreens, and Kohl’s). The Property is adjacent to Wilder Park and is just 0.3-miles from Elmhurst University which has a total enrollment of approximately 3,400 students. The Property offers convenient access to public transportation options including the Pace Bus system and the Elmhurst METRA Station. Interstate 294 and 290 (which provides direct access into downtown Chicago) are just a few miles away. The Property is located within Elmhurst’s business district with numerous employers situated along the York Street corridor. Additionally, the Property enjoys close proximity to the larger commercial and industrial areas that line Interstates 290 and 294. The area is home to distribution centers for numerous companies including Amazon, Jewel-Osco, and DHL.
Horvath and Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Their advisors specialize in the sale of apartment buildings, mixed-use properties, and development projects. They have experience successfully structuring portfolio sales and 1031 exchanges. They have a dedicated buy side desk that provides real time inventory and market data to each individual client placing capital or fulfilling a 1031 exchange requirement. The firm is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.